Thu, Apr 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Aggregate wealth of high net worth individuals declined overall in 2011 due to market volatility, report says

Monday, June 25, 2012

Benedicte Gravrand, Opalesque Geneva: The overall financial wealth of High Net Worth Individuals (HNWI) decreased slightly all around in 2011 (except for the Middle East). This general decline of 1.7% (to US$42tln) is the first since 2008, a year when HNWIs lost 19.5% of their wealth. Another shift that took place in 2011 was in the distribution of wealthy people, as indeed, Asia-Pacific became the largest HNWI region for the first time.

These are some of the findings of the 2012 World Wealth Report (WWR), just published by Capgemini, a global consultant, and RBC Wealth Management, one of the world’s top 10 largest wealth managers. The report offers insight into those with $1m or more to invest.

In 2011, the Asia-Pacific and North American regions levelled in terms of numbers of HNWIs and in terms of wealth. The number of HNWIs in Asia-Pacific expanded 1.6% to 3.37 million, making it the largest HNWI region for the first time, surpassing North America’s HNWI population of 3.35 million.

However, North America remains the largest region for HNWI wealth at $11.4tln compared to $10.7tln in Asia-Pacific.

George Lewis, Group Head at RBC Wealth Management said: "It is significant that for the first time this year there are now more high net worth individuals in Asia-Pacific than in any other region......................

To view our full article Click here

Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac